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DRAFTOFOctober13,2021
SUBLEASEAGREEMENTRELATINGTOSPACEB61ATWONDERLANDOFTHEAMERICAS
ByandBetween
BALCONESHEIGHTSECONOMICDEVELOPMENTCORPORATION, TYPE
(assessor)
and
CITYOFBALCONESHEIGHTS, TEXAS
(asSublessee)
DATEDASOFNOVEMBER1,2021
INCONNECTIONWITHSUBLESSORSINCURRENCEOFALOAN
INTHEAMOUNTOF$5,400,000FROMTRUISTBANK,THEPROCEEDSFROMWHICHSUBLESSORHAS
USEDTOACQUIREANOWNERSHIP
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How to fill out sublease
How to fill out sublease
01
Obtain permission from the original landlord to sublease the property.
02
Find a suitable subtenant to take over the lease agreement.
03
Draft a sublease agreement detailing the terms and conditions of the sublease.
04
Have both parties sign the sublease agreement in the presence of a witness.
05
Submit a copy of the sublease agreement to the original landlord for approval.
Who needs sublease?
01
Individuals who need to temporarily leave their leased property but are still responsible for paying rent.
02
Tenants who want to rent out a portion of their leased property to help cover the cost of rent.
03
Students who need to leave campus for a semester and want to sublease their dorm room.
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What is sublease?
Sublease is when a tenant rents out all or part of a property that they are currently renting from a landlord to another party.
Who is required to file sublease?
The tenant who is subletting the property is required to file a sublease agreement with their landlord.
How to fill out sublease?
To fill out a sublease agreement, the tenant must include details such as the names of all parties involved, the property address, rent amount, lease start and end dates, and any additional terms and conditions.
What is the purpose of sublease?
The purpose of sublease is to allow a tenant to temporarily rent out all or part of a property they are leasing to another party, while still being responsible for the original lease terms.
What information must be reported on sublease?
The sublease agreement must include the names of all parties, the property address, rent amount, lease start and end dates, and any additional terms and conditions.
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